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This property looks like a bad Mid-Term investment with a projected -10.6% first-year return on $231k initial cash invested.
-10.6%
Cash On Cash
3.86%
Cap Rate
0.64
DSCR
$6,002
Rent
-$2,038
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,002 income − $8,040 expenses = $2,038 out of pocket
Investment Breakdown
|
Purchase Price
$1013k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$203k
Closing costs
1%
$10,133
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,002
Total Expenses
$8,040
Mortgage P&I
84%
$5,057
Property Taxes
10%
$589
Home Insurance
6%
$354
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660